Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1.) land services, inc. owns 35% of voting stock o

1.) Land Services, Inc. owns 35% of voting stock of World Investments, Inc. During the...

70.2K

Verified Solution

Question

Accounting

1.) Land Services, Inc. owns 35% of voting stock of World Investments, Inc. During the year 2018, World Investments, Inc. earned profits of $280,000. Under the equity method, which of the following journal entries will Land Services record?

2.)

Shelcal, Inc. provides the following data for the year 2019:

Net Sales Revenue

397,630

Cost of Goods Sold

255,000

The cost of goods sold as a percentage of net sales revenue is ________. (Round your answer to two decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

5. (Casella & Berger, 2nd ed.) A p.d.f. is defined by f(x, y) = C(x +...

Biology
1.2K views

Give an example of a trade_off between imaging speed and SNR in medical imaging

Psychology
1.2K views

Discuss the historical evolution of doctors from a profession of little prestige to the important place...

Physics
1.2K views

If a 90 W bulb 90 W dissipates when connected across 120 V is connected...

Physics
1.2K views

There is little geological activity on the terrestrial planets and icv moons.TrueFalseThe composition of the...

Physics
1.2K views

A man of mass m climbs on a rope of length L suspended below a...

Basic Math
1.2K views

8 6 B Period Determine whether the information implies that YZ VW If parallel state...

Basic Math
1.2K views

Joe's New Car dealership lists the following prices for this year's models. $10,469, $12,895, $15,499,...

Algebra
1.2K views

37 3i 5 1 39 3 2 4

Accounting
1.2K views

XYZ Company had the following shares outstanding during the year: 100,000 shares from January...

Accounting
1.2K views

The equity sections from Atticus Groups 2015 and 2016 year-end balance sheets follow. ...

Accounting
1.2K views

BMC7-18 (similar to) Question Help Ace Manipulation Manufacturing's (AMM) standards anticipate that there will be...